Roku Q2 revenue up 22% to $1.35B, net income hits record $164.2M ahead of Fox sale
Net income at Roku hit a quarterly record of $164.2 million in the second quarter of 2026, up from $10.5 million a year earlier, as revenue rose 22% to $1.35 billion against a Wall Street estimate of $1.3 billion. Diluted earnings per share of $1.08 landed roughly double analyst expectations, and free cash flow over the trailing 12 months reached a record $704 million. Platform revenue grew 25% to $1.22 billion, split between ad sales of $673 million, up 25%, and subscription revenue of $548 million, up 26%, while total streaming hours rose 7% to 37.9 billion across more than 100 million households. The results are Roku's first since Fox Corp. agreed in mid-June to acquire the company for $22 billion, a cash-and-stock deal paying $96.00 per share plus 0.9693 Fox Class A shares per Roku share, expected to close in the first half of 2027. Citing the pending sale, Roku skipped its earnings call and gave no financial guidance. CEO Anthony Wood and CFO Dan Jedda wrote that the Fox deal is "an extraordinary opportunity to accelerate our vision, allowing us to scale faster and innovate more aggressively for viewers, partners and advertisers."
Roku's ad business kept expanding even as the company heads toward new ownership: ad sales grew 25% to $673 million, and the rollout of Roku's redesigned home screen, its biggest update in more than a decade, is already improving household retention and cutting the cost of growing streaming reach, according to Wood and Jedda. Campaigns running on Roku inventory continue under Fox's stated commitment to keep the platform open and partner-friendly, but the lack of forward guidance leaves media planners without Roku's usual signals on ad pricing and inventory growth until the acquisition closes in 2027. Buyers who lean on Roku's home screen placements and streaming-hour scale for reach planning should watch how Fox's premium live content and subscription push reshape inventory once the deal completes.